China's Tech Regulator Urges Internet Companies to Step Up Risk Assessment
July 30 2021 - 6:57AM
Dow Jones News
China's Ministry of Industry and Information Technology, the
country's main technology sector regulator, urged internet
companies to step up risk assessment and management of exporting
essential data at a meeting on Wednesday, according to a notice on
the ministry's website on Friday.
Authorized by the ministry, the Internet Society of China, a
state-backed industry group, convened a study session on
implementing China's Data Security Law, with representatives from
12 major Chinese tech companies, including Alibaba Group Holding
Ltd., Ant Group Co., Tencent Holdings Ltd., Meituan, JD.com Inc.,
ByteDance Ltd. and Pinduoduo Inc.
The ministry's Cybersecurity Management Bureau urged the
companies to take data security protection "as the bottom line and
red line" of their operations and to protect China's sovereignty,
security and development.
Major internet companies should also specify responsible
departments and personnel, and establish a full-life-cycle system
and mechanism for data security management, the bureau said.
The ministry also encouraged companies to co-build an industrial
data security supervision system and to actively participate in the
development of data security standards and key technology research
and development.
Ride-hailing giant Didi Global Inc., which is currently under a
cybersecurity investigation, wasn't included in the list of
attendees.
The Ministry of Transportation in a separate meeting Friday
reiterated its commitment to crack down on monopolistic behavior
and promote fair competition in the country's ride-hailing and
truck-hailing businesses, according to a notice on the ministry's
website.
Write to Singapore editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
July 30, 2021 06:48 ET (10:48 GMT)
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